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What is the condition facing all societies because there aren't enough productive resources to satisfy people's unlimited wants?
How many broad categories of productive resources are there?
True or False: Entrepreneurs are people who try to earn a profit by developing a new product or finding a better way to produce an existing one.
Oil is an example of a...
What are human creations used to produce goods and services?
What is something you can see, feel, and touch?
What is the value of the next best choice?
True or False: The law of increasing opportunity cost states that each additional increment of one good does not require the economy to give up larger increments of the other good.